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2014-05-20 13:32 | Report Abuse
the above is uob kay hian report dated 20/05/14,,,sorry i did it fast, so some can be read easily,,and some cannot..so please bare with me, but it is helpfull
2014-05-20 13:26 | Report Abuse
TH Plantation (THP MK)
Technical BUY with +14.1% potential return
Last price : RM2.17
Target Price : RM2.33, RM2.49
Support : RM2.00
Stop-loss: RM1.99
BUY with a target price of RM2.49 with stop
loss placed below RM1.99. THP’s share price
has been consolidating in the “saucer” pattern
in the last 9 weeks. However, yesterday’s
surge along with a higher trading volume of
2.3m shares (vs 20-day average of 0.7m)
signify a genuine breakout from the pattern,
which in turn suggests possible continuation of
the long-term uptrend. Positive reading in
MACD indicates the presence of momentum
which should prolong the upward movement
hereafter. Moving forward, we expect THP to
advance toward the X to X projection level of
RM2.33 in the near term while we peg our
medium-term target at the all-time high of
RM2.49 with the overall trend remaining on the
upside.
2014-05-20 13:25 | Report Abuse
Global Oriental (GOB MK)
Technical BUY with +20.8% potential return
Last price : RM1.01
Target Price : RM1.11, RM1.22
Support : RM0.960
Stop-loss: RM0.950
BUY with a target price of RM1.22 with stop
loss placed below RM0.950. Following a recent
steep correction from the high of RM1.22, GOB
has stabilised within the 50.0% Fibonacci
retracement level of RM0.970 in the last 12
days. Yesterday’s gap-up and a positive
closing above the 10-day SMA line likely signal
the end of the recent correction. Given the
emergence of fresh buying interest as shown
by the higher trading volume recorded
yesterday (17.2m shares vs 20-day average of
11.7m) and uptick in RSI, we opine there was
a visible presence of a positive momentum to
push the share price higher. With the +DI
flashing a significant improvement, we expect
a new up-leg to be established, which is likely
to drive the share price back on the uptrend.
We peg our medium-term target at the
previous high of RM1.22.
2014-05-20 13:25 | Report Abuse
Sona Petroleum (SONA MK)
Technical BUY with +16.4% potential return
Last price : RM0.580
Target Price : RM0.620, RM0.675
Support : RM0.535
Stop-loss: RM0.530
BUY with a target price of RM0.675 with stop loss
placed below RM0.530. SONA’s share price has
continued to climb along the rising trendline as it
made a series of higher highs and higher lows in
the last 8 weeks. Following yesterday’s breakout
above the immediate resistance of RM0.560 on a
higher trading volume of 50.8m shares (vs 20-day
average of 10.1m), we opine that the genuine
breakout should establish a new up-leg. This is
consistent with the positive readings from both
MACD and Stochastic. Moving forward, we
expect SONA to retest the previous high of
RM0.620 which, if breached, should ensure a
more sustainable upside along the trendline as
we peg our medium-term target at the 1.38x
Fibonacci extension level of RM0.675.
2014-05-20 09:51 | Report Abuse
winterwolf @ johny cash, how u know what rhb analysts says has any basis or just their postulation ? After so many bad experience, i do not really have faith in their analysis.
how they get that 12-14m first q profit when it has not been announced as yet ? insider again ?
20/05/2014 09:29
OK then you give a better value?
2014-05-20 08:16 | Report Abuse
yes there is a BLIP in the coming earning report,,,but RHB kept the same target price rm 4.08
2014-05-19 23:34 | Report Abuse
https://www.facebook.com/photo.php?fbid=792289774115634&set=np.86018549.100002496753938&type=1&theater¬if_t=notify_me
SUPERMX (7106) "Parabolic Stop & Reversal" indicator trigger BUY call ?
2014-05-19 23:10 | Report Abuse
https://www.facebook.com/photo.php?fbid=792274387450506&set=a.228820880462529.68340.228799620464655&type=1&theater
Will BRAHIMS (9474) retrace down to MA200 support level ? 1.85
2014-05-19 13:56 | Report Abuse
MPHB Capital (MPHB MK)
Technical BUY with +14.1% potential return
Last price : RM1.99
Target Price : RM2.09, RM2.27
Support : RM1.92
Stop-loss: RM1.88
BUY with a target price of RM2.27 with stop
loss placed below RM1.88. Despite the recent
pullback from the high of RM2.09, MPHB’s
share price has stabilsed with the recent
resistance level (now support) of RM1.92 in the
last 5 days. However, last Friday’s gap-up on
the back of a higher trading volume of 2.8m
shares (vs 20-day average of 0.8m) signals the
creation of a new up-leg. The share price has
also closed above the 61.8% Fibonacci
retracement level of RM1.98 and is set to
resume its upward movement along the rising
trendline. Moving forward, we peg our upside
target at the 1.61x Fibonacci extension level of
RM2.27 over the medium term.
2014-05-19 13:55 | Report Abuse
YTL E-Solutions (YTLE MK)
Technical BUY with +17.8% potential return
Last price : RM0.645
Target Price : RM0.690, RM0.760
Support : RM0.600
Stop-loss: RM0.595
BUY with a target price of RM0.760 with stop
loss placed below RM0.595. YTLE’s share
price surged above the long-term
downtrendline on 21 Apr 14 as it created a new
up-leg. This was followed by a “return move”,
after which YTLE stabilised above the
immediate support of RM0.600. Given the
strong gain last Friday on the back of a much
higher trading volume of 1.36m shares (vs 20-
day average of 0.3m), we expect the
emergence of fresh buying interest to stimulate
a spike in YTLE in the near term. Additionally,
a bullish crossover in both MACD and
Stochastic signals a possible upward
continuation and thus may place the share
price back on track to retest the previous high
of RM0.760 over the medium term.
2014-05-19 13:54 | Report Abuse
WTK Holdings (WTKH MK)
Technical BUY with +15.7% potential return
Last price : RM1.40
Target Price : RM1.49, RM1.62
Support : RM1.32
Stop-loss: RM1.31
BUY with a target price of RM1.62 with stop loss
placed below RM1.31. It is likely that the recent
correction from the high of RM1.49 has ended for
WTKH’s share price after it rebounded off the
rising trendline and closed above the “cloud” last
Friday. Given the surge in trading volume of 4.8m
shares (vs 20-day average of 1.4m), WTKH also
closed above both 10-day and 21-day SMA lines,
suggesting an upward continuation hereafter.
With the positive readings in both MACD and
Stochastic, WTKH should resume its uptrend.
Thus, we peg our upside target at the 1.61x
Fibonacci extension level of RM1.62 over the
medium term.
2014-05-19 09:56 |
Post removed.Why?
2014-05-19 00:56 | Report Abuse
4 TIGERS ALREADY WOKE UP,,GET READY FOR SUPER SUPER BULL RUN...BE PATIENCE IT S ONLY STARTING NOW
2014-05-18 22:44 | Report Abuse
https://www.facebook.com/photo.php?fbid=791802017497743&set=np.86018549.100002496753938&type=1&theater¬if_t=notify_me
SO WHEN WILL THE EARNING REPORT COMING OUT?
2014-05-18 18:14 | Report Abuse
Posted by jolie2 > May 18, 2014 05:51 PM | Report Abuse
sell on supermax. don't really trust this company. The ceo is a marketing guy. That's why like to play politic. Talk big only but always delay in project.
The only ceo that have engineering background and strong technical knowledge is hartalega and kossan. This company can be trusted
so looks like supermax CEO cannot be trusted,,twisting words always ha,,dangerous lo like that
2014-05-18 17:44 | Report Abuse
the above is cimb report on supermax,, dated 16 may 2014...CIMB UPGRADE THE STOCK FROM HOLD TO ADD...WOW GOOD NEWS HA
2014-05-18 17:40 | Report Abuse
Upgrade from Hold to Add
Supermax’s share price has shed ~16% since we downgraded it on 13 Mar 14. It
is trading at 10x CY15 EPS or a 25% discount to the sector average. At this level,
we think that investors have priced in its foreseeable risks. Although we do not
expect strong earnings growth in the next six months due to capacity
constraints, we expect a stronger 4Q when its new capacity comes on stream.
Currently, the company can produce 1.3bn-1.4bn gloves per month. With its
oversold position of >60 days, we estimate that it will need another at least
0.7bn capacity/month to reduce this position to an ideal level. Note that its
plants 6058 and 6059 will only have a total capacity of 5.4bn pieces per year or
0.45bn pieces per month. With stronger earnings in sight backed by further
capacity and no selling-price pressure, we upgrade the stock to Add from Hold.
2014-05-18 17:39 | Report Abuse
Slight delay in expansion due to delays in infrastructure
Lots 6058 and 6059 will kick off later than expected, delayed from 1Q to
Sep-Oct 14 by the authorities’ delay in putting in the infrastructure (e.g. gas and
water pipes). This is not within the control of the company. Both Glove City
(target completion date – phase 1, end 2015 or early 2016) and Supermax
Business Park (target completion for phase 1 is 2018 and for phase 2, 2022) are,
targeted for completion so far. At the moment, the group has capacity for
17.8bn pieces/year, of which 6.9bn are nitrile gloves. It is targeting 23.1bn
capacity by year-end and 29bn by end-2015.
Strong demand with no selling-price pressure seen
We understand that demand for its nitrile and natural-rubber products is still
strong, with an oversold position of >60 days (ideally 30-45 days). Utilisation
rate remains high at about 85% for both types of gloves. Surprisingly, there has
not been any selling-price pressure, which the company credits to its
reasonable pricing and large OBM network (70% of revenue from OBM). But
with its new plants delayed, Supermax is facing capacity constraints and cannot
reap the full rewards of the strong demand.
No issue in passing on higher electricity and natural-gas
costs
The company managed to pass on higher electricity costs with a minimal time
lag of less than a month, as there was enough time given before the official hike.
On the other hand, the recent natural-gas price hike has a bigger impact on its
margins, with a 1-2-month lag, as it was implemented in a short two weeks after
announcement. While the company does not foresee problems in passing on
future higher costs if the government increases natural-gas costs every six
months, we believe that there will be some margin impact from customers’
stronger resistance in view of the hike frequency.
Automation programme ongoing
Aside from the slight delay in plant expansion, capacity is also being
constrained by the company’s ongoing automation programme. While the
company originally aimed to complete this by 2014, it has found more things to
improvise and is now looking at early 2015. This will continue to affect its
utilisation rates, until completion.
Only minor interruption from recent water disruptions
Only one of Supermax’s plants, with a production capacity of 150m
pieces/month and located near the residential area in Klang, was affected by
Apr’s water disruptions. The group has huge water tanks which are capable of
fulfilling its plant’s water requirements. Given only minor disruptions, we do
not anticipate a significant impact on its financial performance in the next
quarter.
1H earnings could be slow but 4Q results may be strong
We expect 1Q results to be flat qoq due to capacity constraints (new capacity
will only come in Sep/Oct) and fire at one of its plants. While the affected plant
has resumed operations, it will take time to achieve full utilisation. 2Q should
be a slow quarter due to its slow cost pass-through in May for natural gas. 4Q
should be a stronger quarter when the company fully recovers from its fire
incident and the natural-gas price hikes and as its new capacity comes on line.
2014-05-18 17:38 | Report Abuse
Still good -----CIMB REPORT ON SUPERMAX---DATED 16//05//14
We have turned more positive on the company after speaking to management
recently. While its expansion plan has been delayed slightly, we are positively
surprised that demand for its products remains strong, with a long delivery
lead time and no selling price pressure detected. Supermax is trading at only
10x CY15 P/E (25% discount to the sector), which we think is attractive for a
company with a strong OBM network. Given the attractive valuation and the
intact fundamentals, we upgrade it from Hold to Add, with unchanged target
price which is based on 12.4x P/E (30% discount to Hartalega’s P/E). While
we maintain our FY15-16 net profit forecasts, our FY14 net profit forecast is
reduced by 3.5% after updating our numbers based on its 2013 annual report.
What Happened
We spoke to Supermax recently for an update on its operations. Our takeaways
are: i) the commencement of production at Lots 6058 and 6059 has been
delayed to Sep/Oct due to delays in putting in the infrastructure by the
authorities; ii) steady ASPs, backed by strong demand for both natural-rubber
and nitrile gloves; iii) no issue in passing on higher electricity and natural-gas
costs, with some time lag; iv) its ongoing automation programme will continue
to affect its utilisation rates; and v) no major impact from Apr’s water
disruptions.
What We Think
We are surprised that demand for its products remains strong with no selling
price pressure detected. This is due to its reasonable pricing and strong OBM
network, which its peers lack. Given its long oversold position of >60 days, we
believe that its new capacity from Lots 6058 and 6059 will be filled up. While
we believe that 1H14 may be slow due to capacity constraints, slow cost
pass-through for natural-gas price hikes and fire at one of its plants, 4Q should
be stronger as new capacity comes on line.
What You Should Do
Buy Supermax. Supermax’s share price has retreated ~16% since we
downgraded it on 13 Mar 14. As it is trading at 10x CY15 EPS, a 25% discount to
the sector average, we believe that investors have priced in its foreseeable risks.
Fundamentals are intact with more-resilient-than-expected ASPs. After ceasing
as the substantial shareholder in Apr/May 2013, EPF recently has emerged as
the substantial shareholder again after increasing its stake to 8.3% recently.
2014-05-17 23:20 | Report Abuse
yes no fear in the mind
2014-05-16 19:36 | Report Abuse
HOLD
(MAINTAINED)
Share Price RM9.86
Target Price RM10.88
Upside +10.3%
2014-05-16 19:35 | Report Abuse
CAHYA MATA SARAWAK (CMS MK)
1Q14: Minor Hiccup For Cement
Despite 1Q14 results forming up to 19% of our full-year expectations, we deem the
results in line with expectations as earnings for the group are more back-end loaded.
For the quarter, cement division suffered a minor hiccup due to maintenance works for
its clinker plant. Overall, we remain positive on the group’s long-term fundamentals
driven by its SCORE initiatives. However, we recommend a HOLD due to stellar share
price performances. Target price: RM10.88. Entry price: RM9.30.
2014-05-16 19:34 | Report Abuse
RESULTS
Cahya Mata Sarawak (CMS) reported 1Q14 revenue of RM373.2m (-15.1% qoq,
+20.3% yoy) and net profit of RM38.9m (-40.8% qoq, +35.4% yoy). Despite 1Q14
results accounting for 19% of our numbers, we deem it broadly in line with
expectations as 1Q is the seasonally-weakest quarter.
2014-05-16 19:33 | Report Abuse
STOCK IMPACT
Slight hiccup for cement division due to repair and maintenance work carried
out for its clinker plant in late-Feb 14. For the quarter, cement division recorded
PBT of RM20.4m (-6.2% qoq, -3.1% yoy) against our full-year expectations of
RM110m. Having said that, the cement division remained the mainstay of CMS,
contributing up to 29% of the group’s profits. Going forward, we expect cement
demand to be underpinned by SCORE initiatives as construction activities are
expected to pick up to support the economic corridor. Furthermore, we forecast
division margins to improve to 20% from 15% currently, largely driven by the
recent 5-9% price hikes undertaken in Feb 14.
Expecting steady profits from road concession. The road concession division
suffered qoq contraction of -61% largely attributed to exceptionally strong works
for state roads in the previous quarter whilst most instructed works carried out in
1Q14 have yet to be claimed. Looking ahead, we project a 3% uptick in 2015
segment earnings as its state road concession is due for another round of revision
in Jan 15. We note that the current concession was last revised upwards by 9% in
2012.
OM Sarawak (OMS) to commence operations soon. We gather that works for
the ferroalloy facility is entering its final stages and the plant is expected to
commence operations soon in 3Q14. We are excited about the JV prospects and
forecast earnings contribution of RM63m from this project upon full production of
phase 1 in late 2015.
RECOMMENDATION
Maintain HOLD… with unchanged SOTP-based target price of RM10.88, implying
2015 PER of 15x and dividend yield of 2%. Whilst we like the long-term
fundamentals of CMS, we recommend a HOLD as its share price has risen by
around 44% ytd and 200% since General Election in May13. Entry price: RM9.30.
…with upside to our target price. Whilst we recommend a HOLD, we reckon there
is potential upside to our target price as we have yet to impute the value of its
planned Phosphate project (could be worth up to RM1.38/share) and its potential
acquisition of Sacofa, a telecommunication infrastructure player in Sarawak.
2014-05-16 19:32 | Report Abuse
Cahya Mata Sarawak (CMS MK)
Technical Buy on Weakness
Last price: RM9.86
Target Price : 10.85
Support: RM9.20
CMS’s share price has consistently traded above the long-term
trendline over the last five months. Despite rebounding from the
low of RM9.20 on 14 Apr 14, CMS was unable to sustain the muchneeded
momentum in order to test the recent high of RM11.46.
Given the lack of buying interest at the moment as well as the
share price trading below both 10-day and 21-day SMA lines, we
opine that the short-term outlook has a downside bias as the
bearish crossover in Stochastic confirms further correction.
Nevertheless, with the overall trend remaining on the upside, the
weakness ahead should, in our view, be perceived as an
opportunity to accumulate the share at a lower price. We expect
CMS to test the immediate support of RM9.20. Thus, investors are
recommended to accumulate at RM9.20-RM9.50. Upon
normalisation of the selling pressure, CMS should resume trading
towards the long-term uptrend line. Stop-loss can be placed below
RM8.99.
2014-05-16 19:24 | Report Abuse
Kim Loong Resources
(KIML MK)
Technical BUY with +12.2% potential return
Last price : RM2.96
Target Price : RM3.17, RM3.32
Support : RM2.80
Stop-loss: RM2.79
BUY with a target price of RM3.32 with stop
loss placed below RM2.79. Following a
retracement from the recent high of RM2.92,
KIML’s share price has established a strong
support at RM2.80 as it gradually recovers and
successfully closed above both 10-day and 21-
day SMA lines. Yesterday’s breakthrough
above the immediate resistance of RM2.92 on
the back of a higher trading volume of 0.29m
shares (vs 20-day average of 0.05m) signals a
genuine breakout, thus confirming the creation
of a new up-leg. Our view is consistent with the
bullish readings on MACD and Stochastic as
we peg our near-term target at 1.61x Fibonacci
extension level of RM3.32.
2014-05-16 19:24 | Report Abuse
Menang Corporation (M)
(MEN MK)
Technical BUY with +25.0% potential return
Last price : RM1.04
Target Price : RM1.20, RM1.30
Support : RM0.950
Stop-loss: RM0.940
BUY with a target price of RM1.30 with stop
loss placed below RM0.940. Following
consolidation within the tight range of
RM0.940-0.985 since 11 Apr 14, selling
pressure has gradually eased as the share
price approaches the “cloud”. Given
yesterday’s strong gain on the back of a much
higher trading volume of 4.6m shares (vs 20-
day average of 0.55m), we opine that the
recent consolidation is over as the genuine
breakout is likely to confirm the creation of a
new up-leg. Positive readings in both MACD
and Stochastic should prolong the upward
movement as we peg the medium-term target
at RM1.30, which is equivalent to 1.61x
Fibonacci extension level.
2014-05-16 19:22 | Report Abuse
Sealink International -------------------16//05//14 uob report
(SELI MK)
Technical BUY with +24.6% potential return
Last price : RM0.505
Target Price : RM0.590, RM0.630
Support : RM0.480
Stop-loss: RM0.465
BUY with a target price of RM0.630 with stop loss
placed below RM0.465. SELI’s share price
rebounded off the rising trendline on 5 May 14
before forming a “bullish harami” pattern and has
been climbing in the last 7 days. The notable
presence of fresh buying interest as shown by the
higher trading volume of 3.2m shares yesterday
signals a likely positive follow-through which may
retest the previous high of RM0.530 in the near
term. The bullish crossover in MACD suggests an
upward continuation hereafter as SELI should in
our view resume its long-term uptrend. Moving
forward, we peg our medium-term target at 1.61x
Fibonacci extension level of RM0.630.
2014-05-16 00:35 | Report Abuse
mati lo,,became a walking zombie
2014-05-15 20:50 | Report Abuse
Global Oriental Berhad (GOB), through its subsidiaries, operates in four business
segments: property development, which is engaged in the development of
residential and commercial properties, and sale of development land; construction,
which is engaged in the construction of property development projects and other
similar construction activities; property letting, which is engaged in the rental of
properties, and investment holding.
In tandem with the broad market correction mode, GOB’s share price retraced from
RM1.22 on 21 April 2014 to a recent low of RM0.935. During this consolidation
phase, share price has headed on into the oversold territory. On hourly chart, the
measuring objective of the Head & Shoulder pattern has been met. Thus, a
potential reversal is expected.
If the share price is able to stay well above the 10-d SMA (RM0.98), further
upsides are targeted at RM1.03 (Mid-Bollinger band & 38.2% FR) and RM1.11
(23.6% FR), with a long-term objective of RM1.17 (Upper-Bollinger band). Key
supports are situated at RM0.96 (S1 Pivot Points) and RM0.94 (S2 Pivot Points).
Cut loss at RM0.92 (61.8% FR).
DATED 14/05/14,,,,HONG LEONG INVESTMENT BANK
2014-05-15 20:48 | Report Abuse
aaj9393 I had 1 trading a/c that is manage by my remisier. I want to open one more a/c in K.L. Any one pls. tell me the good securities company, cheaper brokerage. I am overseas. Pls. HELP!
PLEASE DO NOT LOOK AT CHEAPER BROKERAGE,,,GO FOR QUALITY ONLINE RESEARCH...CIMB,,OSK/RHB, KENANGA,,,HAS GOOD ONLINE RESEARCH...ONCE OPEN ACCOUNT WITH THEM,,THEN YOU CAN USE THEIR RESEARCH ONLINE... PAY A LITTLE EXTRA BUT GO FOR QUALITY.... MY FIRST CHOICE IS CIMB...TRY IT
2014-05-15 19:02 | Report Abuse
ON OUR RADAR-----KENANGA REPORT DATED 15/05/14
2014-05-15 19:02 | Report Abuse
London Biscuits Bhd Last Price RM0.915
Kenanga Irresistible Bite! Trading Buy RM1.18 Consensus N.A. N.A.
By Alan Lim Seong Chun, CFA / alan.lim@kenanga.com.my
2014-05-15 19:00 | Report Abuse
BUSINESS OVERVIEW
Incorporated since 1981, LONBISC is primarily involved in manufacturing and
marketing cakes and snack food. Its individually packed and ready to eat (RTD)
products can be divided into 2 main categories namely corn-based snacks and
cake products (e.g. Swiss Rolls, Pie Cakes and Layer Cakes). Some of
LONBISC’s brands include Lonbisco, London, Kinos and Gega.
BUSINESS SEGMENTS
Manufacturing and Trading. This division is mainly involved in manufacturing
and marketing of cakes and snack food. In FY13, this division contributed
operating profit of RM20.9m or 97% of the Group’s operating profit.
Others. This division is mainly involved in investment holding and letting of
properties. In FY13, this division contributed operating profit of RM0.8m or 3%
of the Group’s operating profit.
2014-05-15 18:59 | Report Abuse
About the stock:
Name : London Biscuit Berhad
Bursa Code : LONBISC
CAT Code : 7126
Key Support & Resistance level
Resistance : RM0.93 (R1) RM1.00 (R2) RM1.04 (R3)
Support : RM0.87 (S1) RM0.83 (S2) RM0.79 (S3)
Outlook : Bullish
2014-05-15 18:59 | Report Abuse
Comment: LONBISC has broken out of its resistance level of
RM0.84 to confirm a ‘Bullish Flag’ pattern, indicating a
continuation of its prior uptrend. Indicators-wise, MACD has just
staged a postive crossover over the Signal line. Buying volume
was notably strong yesterday. Based on this bullish bias, we
believe that follow through buying interest could rally the share
price towards the ‘Flagpole’ measurement objective of RM1.03.
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
2014-05-20 13:34 |
Post removed.Why?